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Nerves of steel

15 December 2006 By Una Galani

The Brazilian group is proposing to inject unprecedented amounts of debt into its AngloDutch rival twice the level in the Mittal Arcelor. True, this seems risky in a historically cyclical sector, but it s a sign of confidence in steel and benign conditions in capital markets. The Brazilian group plans to inject unprecedented amounts of debt into its AngloDutch rival twice the level in the Mittal Arcelor deal.

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